Ocean Network Express (ONE) claims a record by completing the loading of the highest number of containers on a single vessel. The record was broken by ONE Integrity, loaded with 21,954 TEUs when departing from the Port of Singapore around November 11-12, 2023. Operating on the F3 route from China, Taiwan, and Singapore to Northern…
According to the latest Sea-Intelligence analysis, major ocean carriers reporting their financial figures have experienced a significant year-over-year revenue decline in the third quarter of 2023, bringing their figures back to pre-pandemic levels. Although the smallest contraction reached -51.8%, it is important to note that the year-over-year comparison involves a period of high rates. To…
In the dynamic realm of global logistics, ECU Worldwide stands as a beacon of innovation and efficiency. As a subsidiary of Allcargo Logistics, a prominent player in multi-modal transport and a global leader in LCL consolidation, ECU Worldwide has redefined freight forwarding with its indigenously developed digital platform, ECU 360. In an exclusive interview with Indonesia…
Statistics Indonesia (BPS) recently reported a noteworthy economic growth of 4.94% year-on-year and 5.05% quarter-on-quarter in Indonesia for the third quarter of 2023. This growth is particularly significant in the face of global economic slowdown, climate change impacts, and a decline in the prices of key export commodities. According to BPS, the global economic growth…
In a bold move to redefine global trade routes, Thai Prime Minister Srettha Thavisin is actively promoting the Landbridge project, a $28 billion infrastructure initiative aimed at creating an alternative trade route through Southeast Asia. The proposed 100-kilometer bridge across the Kra Isthmus seeks to bypass the congested and piracy-prone Malacca Strait, cutting transport duration…
In a strategic move to harness its rich resources and foster economic development, Mongolia announces the ambitious construction of seven new dry ports aimed at expanding trade with regional powerhouses China and Russia. The Minister of Road and Transport Development, Sandag Byambatsogt, revealed these plans, highlighting the nation’s commitment to creating a robust economic corridor….
Bintulu Port Holdings Bhd, a leading port operator, announced robust financial results for the third quarter ended September 30, 2023, with a remarkable net profit increase to RM32.49 million from RM28.66 million in the corresponding period last year. While the revenue for the quarter witnessed a slight dip, amounting to RM186.53 million compared to RM198.13…
The Tanjung Priok port, a key hub for international container traffic in Indonesia, has reported a robust performance in 2023 across its three major container terminal operators: Jakarta International Container Terminal (JICT), Terminal Peti Kemas (TPK) Koja, and IPC TPK Tanjung Priok. The data, sourced from Logistiknews.id, reveals a positive trajectory with an average growth…
In a significant stride towards enhancing port services and streamlining administrative processes, Indonesia’s Inaportnet system emerges as a pivotal tool for port operators. This innovative implementation serves a dual purpose, contributing to the National Single Window and National Logistics Ecosystem, ultimately accelerating service efficiency across ports. Airlangga Hartarto, the Coordinating Ministry for Economic Affairs, underscores…
Quảng Ninh Province in Vietnam is proactively enhancing its seaport services and prioritizing the integrated development of ports and wharves with logistics services. The province’s 250km coastline provides an advantageous environment for creating a comprehensive seaport system, including deep-water ports capable of accommodating large vessels, positioning it as a significant center for seaport services and…
